Common use of Responsibility of Client Clause in Contracts

Responsibility of Client. You agree to provide, on a timely basis, information regarding income and expenses, investments, income tax situations, estate plans, and other pertinent matters as requested by your Advisor from time to time. You also agree to discuss needs, goals and projected future needs with your Adviser and to keep your Advisor informed of changes in your financial situation. You acknowledge that your Advisor cannot adequately perform their services on your behalf unless you perform such responsibilities and that your Advisor’s analysis and recommendations are based on the information provided by you. You agree to permit your Advisor to consult with and obtain information about you from your accountant, attorney, and any other applicable advisor. The Advisor shall not be required to verify any information obtained from you, your attorney, accountant or any other advisors and is expressly authorized to rely on the information received. You are free at all times to accept or reject any recommendation from your Advisor and you acknowledge you have the sole authority with regard to the implementation, acceptance, or rejection of any counseling or advice from your Advisor. You also acknowledge that your Advisor obtains information from a wide variety of publicly available sources and that the Advisor has no sources, and does not claim to have sources, of inside or private information.